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Recent six- to 10-day temperature outlooks by the National Weather Service’s Climate Prediction Center (CPC) have been off by a mile, and CPC Senior Forecaster Ed O’Lenic admits the atmospheric situation currently is the “kind that forecasters dread.”

Recent six- to 10-day temperature outlooks by the National Weather Service’s Climate Prediction Center (CPC) have been off by a mile, and CPC Senior Forecaster Ed O’Lenic admits the atmospheric situation currently is the “kind that forecasters dread.”

With the subject of natural gas storage becoming a key topic as the industry continues its injection season, the battle to have adequate stocks by the time the country enters the winter heating season will rely on weather and gas-powered generation.

Cheniere Energy Inc. wants investors to know that it intends to be a major player in the liquefied natural gas (LNG) business. The next best thing to changing its name to LNG is changing its stock ticker symbol. Effective next Monday (March 24), its symbol on the American Stock Exchange will change to LNG from CXY. The company has four potential sites for liquefied natural gas (LNG) import terminals along the Texas Gulf Coast and sees LNG as its strategic focus in the future because of declining domestic natural gas supply. “We have established a strong exploration and production foundation for Cheniere with growing natural gas reserves, cash flow and inventory of prospects that together become more valuable daily as our nation’s natural gas markets hover on almost historically low inventories. However, domestic exploration is no longer sufficient to assure meeting the growth in demand for natural gas, and our country will increasingly rely on imports in the form of LNG,” said Cheniere Energy Chairman Charif Souki said. “This symbol will reflect our new area of focus.” Houston-based Cheniere conducts exploration in the Gulf using a regional database of 7,000 square miles of 3D seismic coverage. It owns 9% of Gryphon Exploration.

Cheniere Energy Inc. wants investors to know that it intends to be a major player in the liquefied natural gas (LNG) business. The next best thing to changing its name to LNG is changing its stock ticker symbol. Effective next Monday (March 24), its symbol on the American Stock Exchange will change to LNG from CXY.

Dynegy Inc. Chairman Chuck Watson, who may know as much as anyone about the Enron Corp. fiasco, told a Houston group Thursday that his former rival’s downfall should not become an “indictment” of energy trading. In a speech to the Houston Forum, Watson laid the blame for Enron’s troubles on the company’s dubious accounting practices and nothing else.

Dynegy Inc. Chairman Chuck Watson, who may know as much as anyone about the Enron Corp. fiasco, told a Houston group Thursday that his former rival’s downfall should not become an “indictment” of energy trading. In a speech to the Houston Forum, Watson laid the blame for Enron’s troubles on the company’s dubious accounting practices and nothing else.

Pending a major change in direction at the Environmental Protection Agency (EPA), natural gas investors could get an unwanted “coal-inscopy” next month, according to analyst Fred Schultz of Raymond James & Associates Inc. Coal-fired electric generation in the country could expand by up to 40,000 MW.

The Federal Energy Regulatory Commission wants the natural gas and electric markets to “know that we are watching” them, said Chairman Curt Hebert yesterday during a press tour of FERC’s new Market Observation Resource Center (MOR) at its headquarters.